India Discovery Fund

Providing Growth Capital to SMEs, Early-Stage and Pre-IPO Companies

Managed by 35North Ventures

IN/AIF1/20-21/0848Cat I

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

India Discovery Fund (IN/AIF1/20-21/0848) is a SEBI-registered Category I AIF managed by 35North Ventures Private Limited, a Mumbai-based growth capital fund focused on SMEs, early-stage, and pre-IPO companies. 35North Ventures manages USD 100 million+ in AUM across 4+ funds and 50+ strategic partners. India Discovery Fund I was registered in January 2021. It is the second of three SEBI-registered AIFs in the 35North family: 35North India Growth Fund I (IN/AIF1/17-18/0321), India Discovery Fund I (IN/AIF1/20-21/0848 — this record), and India Discovery Fund II (IN/AIF1/24-25/1510). The fund operates from Level 3, B-Wing, The Capital, BKC, Bandra East, Mumbai – 400051 (operational address; SEBI registration shows Level 7 of the same building).

Investment Philosophy

35North Ventures follows an analysis-driven approach to identify turnkey, high-yielding investment opportunities in SMEs, early-stage companies, and pre-IPO businesses. The fund takes a long-term view (3–5 year lock-in) and focuses on value creation through proactive portfolio management and operational support. Investment strategies span equity portfolio construction, diversified capital structures, and global investment angles. The team combines 25+ years average experience across alumni from London Business School, Kellogg, Berkeley, Wharton, IIT, IISc, and Delhi School of Economics. 35North aims to provide access to 10,000+ family offices and 18+ marquee institutions and takes a founder-first, non-interfering approach to portfolio management.

Team— 13

Ashwani Singh

Investment Team; SEBI Contact Person

Ashwani Singh is a member of the 35North Ventures investment team and the SEBI-designated contact person for India Discovery Fund I. He is reachable at ashwani.singh@35northventures.com from The Capital, BKC, Mumbai.

Avtar Monga

Advisory Board & Investment Committee

Avtar Monga serves on both the Advisory Board and the Investment Committee of 35North Ventures.

Ashwini Mehra

Advisory Board & Investment Committee

Ashwini Mehra serves on both the Advisory Board and the Investment Committee of 35North Ventures.

Milan Sharma

Investment Team

Milan Sharma is a member of the 35North Ventures investment team. He is mentioned in a portfolio company testimonial by Explurger CEO Jitin Bhatia alongside Ashwani Singh: 'Milan and Ashwani bring a founder-first mindset, strategic clarity, and a collaborative approach that empowers us to think big and execute fast.'

Renu Sharma

Investment Team

Renu Sharma is a member of the 35North Ventures investment team.

Dhruv Debnath

Investment Team

Dhruv Debnath is a member of the 35North Ventures investment team.

Sunil Gurbaxani

Advisory Board & Investment Committee

Sunil Gurbaxani serves on both the Advisory Board and the Investment Committee of 35North Ventures.

Shankar Krishnamoorthy

Advisory Board / Operating Partner

Shankar Krishnamoorthy is a member of the Advisory Board of 35North Ventures.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/20-21/0848

VintageJan 2021 · 5 yrs old

Valid ToPerpetual

Contact PersonAshwani Singh

AddressLevel 7 B Wing The Capital Plot C 70 G Block, Bandra Kurla Complex BKC Bandra East Mumbai 400051, Mumbai, Maharashtra, 400051

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Disclaimer

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